|
Condensed Consolidated Statements of Operations (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Apr. 30, 2011
|
Apr. 30, 2010
|
Apr. 30, 2011
|
Apr. 30, 2010
|
|
| Condensed Consolidated Statements of Operations | Â | Â | Â | Â |
| Net sales | $ 131,081,000 | $ 216,303,000 | $ 472,052,000 | $ 521,251,000 |
| Cost of sales | 74,110,000 | 141,512,000 | 289,937,000 | 333,185,000 |
| Gross profit | 56,971,000 | 74,791,000 | 182,115,000 | 188,066,000 |
| Expenses: | Â | Â | Â | Â |
| Selling, general and administrative | 22,552,000 | 25,628,000 | 69,742,000 | 70,256,000 |
| Research and development | 10,328,000 | 11,383,000 | 31,546,000 | 34,138,000 |
| Amortization of intangibles | 2,173,000 | 1,754,000 | 6,064,000 | 5,283,000 |
| Merger termination fee, net | 0 | 0 | (12,500,000) | 0 |
| Total operating expenses | 35,053,000 | 38,765,000 | 94,852,000 | 109,677,000 |
| Operating income | 21,918,000 | 36,026,000 | 87,263,000 | 78,389,000 |
| Other expenses (income): | Â | Â | Â | Â |
| Interest expense | 2,135,000 | 1,980,000 | 6,288,000 | 5,913,000 |
| Interest income and other | (557,000) | (315,000) | (1,877,000) | (728,000) |
| Income before provision for income taxes | 20,340,000 | 34,361,000 | 82,852,000 | 73,204,000 |
| Provision for income taxes | 6,085,000 | 12,565,000 | 26,845,000 | 26,043,000 |
| Net income | $ 14,255,000 | $ 21,796,000 | $ 56,007,000 | $ 47,161,000 |
| Net income per share: | Â | Â | Â | Â |
| Basic | $ 0.54 | $ 0.77 | $ 2.05 | $ 1.67 |
| Diluted | $ 0.47 | $ 0.67 | $ 1.79 | $ 1.48 |
| Weighted average number of common shares outstanding - basic | 26,577,000 | 28,291,000 | 27,310,000 | 28,254,000 |
| Weighted average number of common and common equivalent shares outstanding - diluted | 32,378,000 | 34,086,000 | 33,069,000 | 34,074,000 |
| Dividends declared per issued and outstanding common share as of the applicable dividend record date | $ 0.25 | $ 0 | $ 0.75 | $ 0 |